Sentences with phrase «credit card penetration»

Extremely low credit card penetration with massive growth in e-commerce presents particularly attractive opportunities in [the] payment space for crypto - currency.»

«Our hope was that Bitcoin could become a universal, decentralized substrate for online transactions and help our customers enable buyers in places that had less credit card penetration or use cases where credit card fees were prohibitive.»

The level of credit card penetration in quite a few European markets is very low, particularly compared to the US.

According to Thalib, «After 3 years in operation, Setipe has gained impressive traction and growth but for us to monetise effectively, Indonesia still requires strong offline services due to low credit card penetration rates and less than half the population having Internet access.

«Online shopping is still relatively new, Internet penetration is still poor and paying online is an issue because credit card penetration is extremely low.»

In a region with anemic credit card penetration, cross-border E-commerce is somewhat reserved for the privileged few.

Product manager Tom Karlo writes in a blog post: «Our hope was that Bitcoin could become a universal, decentralized substrate for online transactions and help our customers enable buyers in places that had less credit card penetration or use cases where credit card fees were prohibitive.

Thalib said: «After 3 years in operation, Setipe has gained impressive traction and growth but for us to monetise effectively, Indonesia still requires strong offline services due to low credit card penetration rates and less than half the population having Internet access.

Indonesian students have the lowest access to finance in Southeast Asia, with only 1 per cent of credit card penetration and banking penetration of 20 per cent.

Credit card penetration is not as widespread as other regions.

Hayashi remarked low credit card penetration - Singapore being the exception - in the region meant there was an opportunity for retailers to reach out to local customers in big markets such as Indonesia through local payments methods - such as Mandiri Clickpay in Indonesia and GCash in the Philippines.

«With low credit card penetration and the lack of structured credit history, this large segment of the Indian population resorts to availing credit from informal sources at high interest rates,» the company said in the statement.

However, credit card penetration is substantially low in South American countries and thus, is often not used apart from e-commerce platforms.

Credit card penetration is far lower in India, while WhatsApp has already emerged as a platform for facilitating e-commerce despite currently offering no features that expressly support that.

was that Bitcoin could become a universal, decentralized substrate for online transactions and help our customers enable buyers in places that had less credit card penetration or use cases where credit card fees were prohibitive.